This is the most asinine thing I have ever heard. Forgive me for my bluntness, but please......... Do predict you will pee every time you go the bathroom? Your definition of prediction needs work. On the other hand, you do show what I have been saying: the future is unknown and not knowable. You could be hit by a car. The world could end. We do not know. Thankfully, successful trading does not require us to. Trade the now, focus on the process and let the future take care of itself.
Option E) You jump out the car because the car IS[B/] heading towards the wall. Whether it gets there or not, only time will tell. But right now it is moving in that direction , so you bail.
Okay Jimmy. Surely you can see that we are at least relatively on the same side of the argument here. But you have to acknowledge that what you are talking about is still just semantics. Dealing with the present price action, as we do, is making an indefinite prediction. When I get a signal for "change" for instance, I am predicting that I will get "continuation" until I get the next signal for "change." I can argue either side here... which brings me back to my point, that this whole thread is utterly pointless and just an elaborate exercise of wordplay and egotism. Kiwi's post about the usefulness of this "I don't predict" attitude did have some substance though. Taking on a purely "reactionary" attitude does serve to eliminate emotion from the decision-making process, and thus does have usefulness from a trader's perspective.
Agreed! Perhaps traderdragon2 wipes his arse after a #2 in order to clear the area for future use. I would presume most people wipe because NOW their #2 is finished (ie. an end effect).
Let's refine this example a bit. Take the daytona 500. You have a few dozen cars in the race... When the flag comes out, the cars are full throttle... SO IN THIS EXAMPLE WE CAN DEFINE A CLEAR EXAMPLE OF PREDICTION... The prediction is, "WHO IS GOING TO WIN THE RACE"??? If you say, #24 Gordon is going to win the race, that would be a prediction. So we can expand and say, what would not be a prediction? What would not be a prediction is to look at the leader board and see that CURRENTLY (ie. NOW) #24 is in the lead. This is all we can say about right now is that #24 is leading. Of course, you can follow the rational and say that as long as #24 CONTINUES to lead for the remainder of the race, then he will win the race. However, if the leader board CHANGES and a new leader passes #24 and becomes the new leader, then we can say that if #24 is not in the lead by the end of the race, he will not win the race. So along any point in the race, one might choose to make a prediction as to who will win the race. However, to someone who elects not to predict, the observer would simply just follow the leader board since it would be showing who is in a position that is currently winning the race... We know that in racing, the lead does not randomly change. The time of changes may be random but then again, there are precursors... The last place guy doesn't instantly become the first place guy and then go back to last place in the next instant. Usually, another racer closes in on the leader, overtakes the leader, and then attempts to distance themself from all the cars. Of course, there are many precursors. This is what it is like to be trading NOW as opposed to predictiong. Despite what most think, it is possible to trade NOW. Instead of assigning what is going to happen in the market, one can just simply observe and trade what is happening in the NOW.
False. If someone guesses that it is going to rain tommorrow, that has nothing to do with what happened yesterday... Nonetheless, it is a prediction. Lotto, is also another example.
Does anyone here know what the above means? I have to admit I'm totally clueless despite my extensive schooling. Why would anyone post in such an obtuse manner? The purpose of these boards is to communicate (or so I thought,lol). db
Hey, I think I've worked out what Mr Hershey meant. He is talking about taking over and then going for food with potato to level ten therefore no holds going in the lift before the monsoon with sunsets decides to return to the womb with wet blankets in evergreen toe lines sinking very fast. Did I get that right? db
This is exactly what I meant by popular misunderstanding. For you to predict rain, you have to have had a prior experience of rain. db